StockCall Scrutinizes Baxter Intl., CareFusion, Nanosphere, and Mindray
Medical Intl.
PR Newswire
LONDON, March 25, 2013
LONDON, March 25, 2013 /PRNewswire/ --
The Supreme Court last year upheld President Obama's Affordable Care Act
(ACA), which means that the healthcare industry will be undergoing a major
transformation. While supporters of ACA say that the reform will lead to an
increase in insured individuals, which will eventually benefit the healthcare
industry, critics say that rising costs due to the ACA will hurt research and
development of new products. Medical instruments & supplies companies have
been one of the biggest critics of the ACA as they are required to pay a tax
on gross sales. For companies such as CareFusion Corporation (NYSE: CFN),
Baxter International Inc. (NYSE: BAX), Nanosphere Inc. (NASDAQ: NSPH), and
Mindray Medical International Ltd. (NYSE: MR), the key will be to reduce costs
to offset the impact of the tax on gross sales. On Friday, medical instruments
and supplies stocks finished mostly higher, tracking gains in the broad
market. StockCall reviewed the Medical Instruments & Supplies industry and
chose CFN, BAX, NSPH, and MR for its technical coverage. These free reports
can be seen for free at
http://www.stockcall.com/signup
Shares of CareFusion Corporation rose sharply in trading on Friday, ending the
day 1.43% higher at $34.68 after hitting a 52-week high of $34.70.
CareFusion's shares have had an excellent run so far in the year, gaining more
than 21%. The stock has seen a series of highs over the past one month, which
is a strong bullish signal. The positive trend is further confirmed by the
volume activity over the past three trading sessions. The stock's MACD has
also crossed the signal line on the upside. Download the free research on CFN
by signing up now at
http://www.StockCall.com/CFN032513.pdf
Baxter International Inc.'s shares also touched a 52-week high on Friday
before finishing the day sharply higher. The stock rose to a 52-week high of
$70.95 before finishing the day 1.26% higher at $70.94. The stock gained 2.20%
for the week, outperforming the broad market. Shares of BAX have also broken
through a key technical level. The stock's MACD has crossed above the signal
line, which indicates that market sentiment is bullish on the stock. Register
for today's free analysis on BAX at
http://www.StockCall.com/BAX032513.pdf
Shares of Nanosphere Inc. fell sharply in Friday's trading session even as the
broad market rallied. The stock ended the day 5.17% lower at $2.20 after
falling to an intra-day low of $2.10. Nanosphere's shares have fallen more
than 7% in the last three sessions. The company's shares had an excellent run
for over two weeks before seeing a pullback last week. The stock slipped after
failing to break through $2.40 resistance level. Its MACD chart suggests that
market sentiment has turned bearish on the stock. Shares of NSPH currently
have support at around $2.20. Free report on NSPH can be accessed by
registering at
http://www.StockCall.com/NSPH032513.pdf
Mindray Medical International Ltd's shares touched a 52-week high of $39.20 on
Friday before finishing the day 0.59% higher at $39.02. The stock rose more
than 1.60% last week, taking its gains for the year to nearly 21%. The
company's shares have broken through $38 resistance level recently, which is a
bullish signal. The stock's MACD is also trading above the signal line and the
zero-line, further confirming the upbeat trend. Register with StockCall and
download the research on MR for free at
http://www.StockCall.com/MR032513.pdf
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SOURCE StockCall.com
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